Prices around the world expected to increase

Global food prices are increasing for the first time since 2022.

Maximo Torrero Cullen is the chief economist with the Food and Agriculture Organization (FAO) of the United Nations. “The expectation is that prices will go into a plateau, and they will stabilize, but at a high level for one year or two.”

The latest FAO Food Price Index showed an increase of 0.6% for April, the first jump since record prices in March of 2022.

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